Arizona Mortgage Broker Surety Bond

The Arizona Mortgage Broker Surety Bond is required by the State Banking Department, State of Arizona. The bond is in place to help protect any person injured by the wrongful act, default, fraud or misrepresentation of the licensee or his employees. This bond is written as low as 1% of the bond amount. The required bond amount is $15,000 if the mortgage broker uses any investors that are not institutional investors and $10,000 if not.  Arizona uses the  National Mortgage Licensing System to administer its licensing

 Read more about the Arizona Mortgage Broker Application from the National Mortgage Licensing System